469 Van Buren Ave - Apartments FOR SALE


Oakland, CA 94610- Adams Point
$3,890,000 USD
707-363-2463
469 Van Buren Ave, Oakland, CA for Sale
$3,890,000 USD
Apartments - FOR SALE
1/15
null | 6.03% Cap Rate

469 Van Buren Ave
Oakland, CA 94610
Adams Point


HIGHLIGHTS

  • Prime Adams Point location just one block from Grand Avenue and Lake Merritt
  • Well-maintained 16-unit apartment community built in 1966 located on a large 26,800 square foot corner lot
  • Attractive unit mix featuring ten spacious 2BD/2BA units, five 1BD/1BA units, and one penthouse-style 2BD/2BA unit with roof deck
  • Amenities include private balconies, secured first-floor parking garage, and an on-site laundry room
  • Exceptional walkability with a 97 Walk Score near Grand Lake Kitchen, Shakewell, The Alley, Almond & Oak and the Grand Lake Theatre
  • Strong in-place income with significant rental upside potential and convenient access to Downtown Oakland, BART, Highway 24, and Interstate 580

OVERVIEW

The Mitchell Warren Team is pleased to present 469 Van Buren Avenue, a well-maintained 16-unit apartment community located in Oakland’s highly desirable Adams Point neighborhood. Built in 1966, the property consists of ten (10) spacious two-bedroom/two-bathroom units, five (5) one-bedroom/one-bathroom units, and one (1) penthouse-style two-bedroom/two-bathroom unit. Situated on a large corner lot totaling approximately 26,800 square feet, the property features private balconies and a secured first-floor parking garage. With strong in-place income and significant rental upside potential, 469 Van Buren Avenue offers investors the opportunity to acquire a pride-of-ownership multifamily asset in a premier East Bay location just steps from Lake Merritt, Downtown Oakland, and major transportation corridors.

FOR SALE DETAILS

PRICE

$3,890,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

16

PRICE/UNIT

$243,125

CAP RATE

6.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(10) 2bd/2ba Units and (6) 1bd/ba Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,789 SF

ZONING

N/Av, Oakland

APN/PARCEL ID

010-0779-002-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.